Friday, January 08, 2010

Morning gossip....looks quiet with neutral tone seen

a )DJ +30.

8.30 : DJ futs +1. Reigonal firm, NK strong on weaker yen, +130/+1%. Commodities weak tone but almost flat, -0.5%, in early Asian hours.

Looks like 90 can sustain for this week. 90-95 firm range for start but unlikely to breakout of 1290-1300. Instead dwside risk is higher amid internal toppishness. only bullish external today could change that. otherwise players will take sidelines ahead of weekend

While a breakout point is 1300, a cross above 96.5 looks a good bet to enter long for next week activities. Or wait near 80-85 range.

Fbm >90, Fkli >93 intra buy tone.

b) At this point, fcpo is seen weak within 2600-2630 range, with soyoil -0.5%, crude oil flat.

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